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2. The next dividend payment by Top Knot, Inc., will be $2.50 per share. The dividends are anticipated to maintain a 5 percent growth rate

2. The next dividend payment by Top Knot, Inc., will be $2.50 per share. The dividends are anticipated to maintain a 5 percent growth rate forever. If the stock currently sells for $48.00 per share, what is the required return?

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